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QB Beginner
Level 1

Just discovered that something was not done correctly during 2016 currency revaluation QB. Was it a system bug then? AR is NIL but still show an outstanding now

The outstanding is the unrealised gain in the AR
1 Comment 1
AlcaeusF
Moderator

Just discovered that something was not done correctly during 2016 currency revaluation QB. Was it a system bug then? AR is NIL but still show an outstanding now

Hello @QB Beginner,

 

Welcome to the Community. I'm here to help you with your currency concern in QuickBooks.

 

Unrealised gains happen when there are changes in exchange rates. I've checked here and I haven't found any system bug during that time.

 

I recommend reviewing the Transaction Detail report to know more about your unrealised gains or losses in the system.

 

Here's how:

 

  1. On the left navigation bar, click Reports.
  2. Scroll down and select Transaction Detail by Account.
  3. Filter the date range.
  4. Review the transaction.

For additional reference, you can use the following article to view FAQs about Home Currency Adjustments: Frequently Asked Questions about Home Currency Adjustments.

 

Drop me a comment below if you have any other questions. I'll be happy to help you some more.